Drugstore.com Inc - (Nasdaq : DSCM ) Message Board

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Technology Stocks : Drugstore.com Inc - (Nasdaq : DSCM )

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To: DavesM who wrote (108)	3/28/2001 7:59:57 PM
From: Don Green	Read Replies (1) of 132

Drugstore in this week's Business week What kind of value would you put on online pharmacy Drugstore.com Inc. (DSCM )? Since the company had $130 million in cash at the end of the year, you would think it would be worth at least that much, right? Wrong. Drugstore.com's market cap is a measly $80 million. Why the discrepancy? "Investors believe that Drugstore's management will blow through the remaining cash and end up closing operations," says Aram J. Fuchs, CEO at Fertilemind.net, a New York equity research firm. One key reason for his skepticism is that the Bellevue (Wash.) company, which lost $193 million on sales of $110 million last year, needs a minimum of $450 million in sales just to break even. "That's a lot of revenue for a company that's peddling vitamins and drugs," says Fuchs. Drugstore.com CEO Peter M. Neupert fires back that there is "no chance I'll run out of money."

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